The Torque Sensor Market is projected to witness a compound annual
growth rate of 8.29% to reach a total market size of US$1.744 billion by
2021, from US$1.081 billion in 2015.

This technology is being increasingly used on account of increasing
application across various industries such as healthcare and automotive,
among others. Technological advancement and high demand for precise and
accurate torque measurement serves as a key factor for the growth of
this market.

Rising demand of these sensors in the healthcare sector due to emergence
of medical robotics and focus on providing better healthcare services is
also boosting the market growth.